News
CPO Higher on Renewed Demand
KUALA LUMPUR: Crude palm oil (CPO) futures prices rebounded to close higher yesterday after touching a one-year low on Monday, supported by renewed demand for the commodity. Phillip Futures derivative product specialist, David Ng, said the CPO were traded higher due to bargain hunting as the current...
July Palm Oil Stocks Rise 1.47 pct
KUALA LUMPUR, Aug 11 — Palm oil stocks rose 1.47 per cent to 1.681 million tonnes in July 2014 from 1.656 million tonnes in June, the Malaysian Palm Oil Board (MPOB) said. In a statement today, the MPOB also said crude palm oil (CPO) stocks improved 7.64 per cent to 891,636 tonnes last month, while ...
CPO Futures Close Lower
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on selling pressure amid bearish report from Malaysia Palm Oil Board and lack of new market leads, a dealer said. Phillip Futures derivative product specialist, David Ng, said selling pressures wer...
Palm oil/Vegoils: Market factors to watch Aug 11 Monday
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday. FUNDAMENTALS * Malaysian palm oil futures dropped to a one-year low on Friday with the market on track for a fifth week of declines in six as expectat...
Crude Palm Oil Weekly Report – August 10, 2014
Malaysian palm oil futures ended lower on Friday as electronic soybean oil prices traded in the negative zone during the Asian trading hours. This was coupled with worries of palm oil output would rise further in the coming month and this has also dampened the local market sentiments. Futures crude ...
CPO Futures Down in Anticipation of Higher Production
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday in anticipation of higher production, thus restricting gains, a dealer said. Phillip Futures Sdn Bhd derivative product specialist David Ng said the Malaysian Palm Oil Board’s report would be...
